DUBLIN, Nov 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global PET Packaging Market 2016-2020" report to their offering.
The analysts forecast the global PET packaging market to grow at a CAGR of 5.3% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global PET packaging market for 2016-2020. The report has taken into consideration the revenue generated by the vendors in the PET packaging market for packaging of different goods. The report also includes a discussion of the key vendors operating in this market.
Many new trends have emerged in the market such as the availability of hot-filling products in PET bottles and aseptic cold-filling PET bottles, which increase the shelf life of the products even if they are not kept at the optimum conditions. Recycling PET for re-use after sorting, cleaning, and transforming PET containers is also becoming popular in the market.
According to the report, advanced technological innovation in PET packaging is a key driver aiding to the growth of this market. Innovative technologies are being implemented in PET containers to increase impermeability and eliminate the risk of harmful substances entering into these containers. One such technology is the plasma coating process.
Further, the report states that increasing competition from polypropylene (PP) plastics is a major challenge the market is facing. PP is the lightest of all thermoplastics used for commercial purposes. Thus, the energy cost incurred for producing PP containers is lower than that incurred for producing PET containers. PP containers can be hot-filled up to 248 farhenheit and are microwaveable.
Recent machine improvements, improvements in resins, and advances in technology have resulted in considerable improvement of PP cycle times by almost 40%. PP cycle time can be increased through minor modifications on existing equipment. As a result, many manufacturers are opting for PP packaging products instead of PET packaging products.
- PET Power
- Tetra Laval
Other prominent vendors
- Alpha Group
- CKS Packaging
- Greiner Packaging
- Himalayan Group
- Kaufman Container
- Kian Joo Group
- Parker Plastics
- Parkway Plastics
- Savola Plastic
- Sidel International
- SKS Bottle & Packaging
- Southeastern Container
- Sunrise Containers
- Temkin Plastics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/qh47z7/global_pet
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets